**16+ Unique Ways How Is A Credit Card Minimum Payment Calculated**. Usually, the way your minimum payment is calculated depends on your credit card balance. This is the amount you owe on your credit card. There are three main ways minimum payments are often calculated: The minimum payment could be a percentage of your balance, plus new interest and.

$20,000 x 0.02 = $400. The minimum payment must be paid by the cutoff time on the payment due date. Credit card minimum payments are usually calculated based on your monthly balance.

## Your card issuer requires you to pay 3% of your outstanding loan balance.

Some cards use a flat percentage of your balance to calculate your minimum payment and don’t factor in interest and fees. Your minimum payment is calculated as a small percentage of your total credit card balance or at fixed dollar value — whichever is greater. $20,000 x 0.02 = $400.

## Percent Of The Balance + Finance Charge.

Let’s assume the flat rate is still two percent.